---
schema_version: "secwatch.filing_event.v1"
accession: "0001090727-23-000021"
form_type: "8-K"
ticker: "UPS"
cik: "0001090727"
company_name: "UNITED PARCEL SERVICE INC"
filed_at: "2023-04-25T23:59:59+00:00"
generated_at: "2026-06-16T15:28:03.367481+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# UPS Q1 2023 revenue $22.9B (-6% YoY), adj. EPS $2.20 (-27.9% YoY), guidance lowered

## Summary
- Consolidated revenue $22.9B, down 6.0% YoY; operating profit $2.5B, down 21.8%.
- Adjusted diluted EPS $2.20 vs $3.05 last year, a 27.9% decline.
- U.S. Domestic avg daily volume -5.4%; International revenue -6.8% on China softness.
- Supply Chain Solutions revenue -22.5% due to forwarding market rate/volume declines.
- Full-year 2023 guidance: revenue ~$97B, adj. operating margin ~12.8% (low end of prior range).

## SEC filing metadata
- accession: 0001090727-23-000021
- form_type: 8-K
- ticker: UPS
- cik: 0001090727
- company_name: UNITED PARCEL SERVICE INC
- filed_at: 2023-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1090727/000109072723000021/0001090727-23-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1090727/000109072723000021/ups-20230425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001090727-23-000021
- JSON: https://secwatch.observer/filing/0001090727-23-000021.json
- Plain text: https://secwatch.observer/filing/0001090727-23-000021.txt

## Key facts
- Earnings Releases
  UNITED PARCEL SERVICE INC reported the quarter ended March 31, 2023 results: revenue $22.9 billion, net income $1,895, EPS Diluted EPS of $2.19. Guidance reaffirmed.
  - Period: the quarter ended March 31, 2023
  - Revenue: $22.9 billion
  - Net income: $1,895
  - EPS: Diluted EPS of $2.19
  - Guidance: reaffirmed
  - Result: reported results
  source text: EPS of $2.20, Compared to $3.05 Last Year • Updates 2023 Financial Guidance ATLANTA – April 25, 2023 – UPS (NYSE:UPS) today announced first-quarter 2023 consolidated revenues of $22.9 billion, a 6.0% decrease from the first quarter of 2022. Consolidated operating profit was $2.5 billion, down 21.8% compared to the first quarter of 2022, and down 22.8% on an adjusted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1090727/000109072723000021/0001090727-23-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.